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Sharp (OTCMKTS:SHCAY) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Sharp logo with Consumer Discretionary background

Key Points

  • Sharp Corporation's share price recently crossed above its 200-day moving average, reaching a high of $1.47 during trading, indicating a potential upward trend.
  • The company reported $0.04 earnings per share for the most recent quarter, exceeding analysts' expectations of $0.02, with a revenue of $3.20 billion.
  • Sharp has a market cap of $3.82 billion and a P/E ratio of 9.19, along with a debt-to-equity ratio of 2.42, reflecting its financial position.
  • Looking to export and analyze Sharp data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.33 and traded as high as $1.47. Sharp shares last traded at $1.47, with a volume of 936 shares trading hands.

Sharp Stock Performance

The business's 50-day moving average price is $1.16 and its 200-day moving average price is $1.33. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.97 and a current ratio of 1.29. The stock has a market cap of $3.82 billion, a P/E ratio of 9.19 and a beta of 0.73.

Sharp (OTCMKTS:SHCAY - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. Sharp had a net margin of 3.12% and a return on equity of 18.62%. The company had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.09 billion. As a group, sell-side analysts expect that Sharp Corp. will post 0.01 earnings per share for the current fiscal year.

About Sharp

(Get Free Report)

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.

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